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it is pretty clear that the president wants to go over the fiscal cliff. speaker boehner, i think, is right to say that your ultimatum. you eat it, it's your deal. we will let it all play out. tracy: deep into the root of all this is political discord in general. but all everyone thinks about is the next vote. speaker boehner thinking about his reelection. no one is thinking about the bigger cause. it is really about those things. lou: i would agree with part of that. one thing the one thing people are forgetting, the best deal on the table, sequestration. point of fact. the $1.2 trillion in force budget cuts on the defense department. plus the bush tax cuts. it means we are approaching the 2 trillion-dollar shock to the system. it is the best deal in transit at maximum of maximum spending cuts. the president is talking about two to one. twice as much tax hike is spending cuts. this inverted, it's the best deal for the republicans, both parties and the president agree, and they can't win anybody if we go over the fiscal cliff because that was the deal that
it is pretty clear that the president wants to go over the fiscal cliff. speaker boehner, i think, is right to say that your ultimatum. you eat it, it's your deal. we will let it all play out. tracy: deep into the root of all this is political discord in general. but all everyone thinks about is the next vote. speaker boehner thinking about his reelection. no one is thinking about the bigger cause. it is really about those things. lou: i would agree with part of that. one thing the one thing...
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Dec 17, 2012
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it is the latest round of fiscal cliff talks which, as speaker boehner opens the door for tax hikes. lori: don't count apple out. dissecting the opposing analyst calls. is the worst over for shareholders? melissa: it is time for stocks now. nicole petallides standing by. nicole: we are looking good. you mentioned boehner and obama speaking once again. many traders that i have spoken with that something, some white, would get done. we are up about one half of a percent. there is the nasdaq sitting right at the 3000 mark. i also want to take a look at two names that have been making news. that is sprint and clear wire. that is about a half of a percent for sprint which is the number three u.s. wireless carrier. now, they will have full ownership of the spectrum. that is some good news for sprint. you are seeing that clear wire is selling off the news. lori: president obama and house speaker john boehner meeting just hours ago. our rich and thin was first to report this news of the meeting. rich, the house speaker seems to be caving on tax hikes, at least a little bit. rich: they have b
it is the latest round of fiscal cliff talks which, as speaker boehner opens the door for tax hikes. lori: don't count apple out. dissecting the opposing analyst calls. is the worst over for shareholders? melissa: it is time for stocks now. nicole petallides standing by. nicole: we are looking good. you mentioned boehner and obama speaking once again. many traders that i have spoken with that something, some white, would get done. we are up about one half of a percent. there is the nasdaq...
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Dec 18, 2012
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tracy: john boehner and president obama are still discussing the fiscal cliff but with no deal in place and plan b getting rejected by the white house many taxpayers may be unable to file their tax returns in 2013, senior fellow and tax-loss editor here with ideas on what to expect when you filed this year but i find it so appalling that we are in the same place again, frankly worse. this time this year we don't know about whether they are going to extend all those extra $100 billion, we are just wondering. >> welcome to washington. this is where i live every day. tracy: is very unsettling. no one is doing anything about this. what bothers me most puts thirty million people affected by this, the conspirators in me thinks this is washington's way of putting a small flat tax and let it go but the reality is they will pass the tax. >> i agree. i think it will too. what is important to understand is most of the tax cuts they're arguing about will happen next year. theseeare tax cuts that will take effect or not take effect in 2013 and they will affect people when they file tax returns in 20
tracy: john boehner and president obama are still discussing the fiscal cliff but with no deal in place and plan b getting rejected by the white house many taxpayers may be unable to file their tax returns in 2013, senior fellow and tax-loss editor here with ideas on what to expect when you filed this year but i find it so appalling that we are in the same place again, frankly worse. this time this year we don't know about whether they are going to extend all those extra $100 billion, we are...
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Nov 16, 2012
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whereas speaker boehner said we need to do this in the short term and we need to get beyond the fiscal cliff. in 2013 come we can talk about serious tax reform and serious entitlement reform. it is sad that tte president wants to do that. he has been insisting on these rate hikes. gerri: listen to the president talking about compromise. >> our challenge is to make sure that we are able to cooperate together. work together. find common ground together. make tough compromises together. build some consensus. in order to do the peoples business. what folks are looking for, and i think all of us agree, we are looking for action. they want to see we are focused on them and not focus on politics here in washington. gerri: compromise. he says the word compromise. why don't you buy? >> he said the word compromise, but he also said our challenge is to find compromise. he's right about that. there's a history there. we are not making these judgments based on nothing. we go back, we will do the debt ceiling, the way out of the debt ceiling negotiations, to create a super committee. going to the su
whereas speaker boehner said we need to do this in the short term and we need to get beyond the fiscal cliff. in 2013 come we can talk about serious tax reform and serious entitlement reform. it is sad that tte president wants to do that. he has been insisting on these rate hikes. gerri: listen to the president talking about compromise. >> our challenge is to make sure that we are able to cooperate together. work together. find common ground together. make tough compromises together....
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Nov 30, 2012
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that was house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa: this is depressing topic you will make it light and happy for us somehow. >> there is nothing happy about wealth destruction that is exactly what president is doing. you raised a very important point. why is it the president's plan to fix the economic calamity specifically reinvolves hurting minority, as you point out the so-called rich? redistribution is once again the center of his proposal. it is not only immoral but impractical as well. we're talking about 1.6 dro trillion coming out of the economy, coming out of invests, not being put into new jobs and new businesses being sent to washington instead
that was house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa:...
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Nov 29, 2012
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a any real progress on fiscal cliff talks. phil flynn from price futures group, what is driving oil today? >> no doubt we're not tethered to the fiscal cliff. we're swinging on the rope back and forth. this risk on, risk off, fiscal cliff done, not done, has definitely tighten the market. there is more hine moves in oil today. we had some really good economic data but also here in the united states. that was very strong. we're look at tension in the middle east. we have the ongoing story. the concerns about iran and egypt still running very, very hot makes it more dangerous to be short. now the other good news that we did get, if you remember yesterday we saw a big pop up in heating oil and gasoline because of the power outage at the hess refinery in port reading in new jersey. we did get good news on that front. that is supposed to be fixed. production will start up right away. should be normal. that puts downward pressure on heating oil and gas. good news in the wild ride on the fiscal cliff. melissa: phil, real quick what i
a any real progress on fiscal cliff talks. phil flynn from price futures group, what is driving oil today? >> no doubt we're not tethered to the fiscal cliff. we're swinging on the rope back and forth. this risk on, risk off, fiscal cliff done, not done, has definitely tighten the market. there is more hine moves in oil today. we had some really good economic data but also here in the united states. that was very strong. we're look at tension in the middle east. we have the ongoing story....
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word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the new year. garmin stock higher to replace rr donly in the s&p 500, the stock mo
word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the...
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Nov 16, 2012
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some fiscal cliff negotiations. john boehner says he had talks on the looming fiscal cliff. right now the dow was down 20 points. and taking to twitter to announce productions will not be affected by the developments in that nation. the global business will not be affected. coca-cola plans to invest $1.2 billion over the next five years to expand operations facilities. including a new bottling plant that coke says will be the most modern system in latin america and serve as a model for the rest of the world. and that is the latest from the fox business network giving you the power to prosper. tracy: shares of activision surged more than 4% today. the company said first day sales for the latest call of duty game topped an industry record. what does it mean for video game sales this holiday season. joining us now, analyst of citigroup. the gaming industry has been getting killed lately because they are not coming out with anything that is getting these gamers going. will this do it? the new "call of duty: black ops"? >> there have been a number of issues in the game. first of
some fiscal cliff negotiations. john boehner says he had talks on the looming fiscal cliff. right now the dow was down 20 points. and taking to twitter to announce productions will not be affected by the developments in that nation. the global business will not be affected. coca-cola plans to invest $1.2 billion over the next five years to expand operations facilities. including a new bottling plant that coke says will be the most modern system in latin america and serve as a model for the rest...
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lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, taxes will go up on all american taxpayers
lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he...
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melissa: the house kicked off the debate on speaker boehner's plan b on the fiscal cliff. you're looking at a live shot of the house floor right now. the bill could be passed tonight. we heard president obama's proposal. we heard boehner's counter offer and we heard plan b. somewhere in there has to be a solution, right? today's power panel is here to weigh in on what they would do to resolve the fiscal cliff negotiations. the peter morici, economist and professor at university of maryland and always a fabulous guest. lindh piegza, ftn financial and john littler. peter let you go first. watching this vote. a million balls are up in the air. something has to land somewhere. what would you do? >> if i were voting? melissa: yeah if you were voting. >> one to cut spending and extend bush tax cuts 10 years except people for over a million dollars. i have to vote for it. there are spending cuts there out in the future. that is the best you will do on such short notice. melissa: lindsay, what do you think. would you vote for plan b for both bills going through there. >> certainly
melissa: the house kicked off the debate on speaker boehner's plan b on the fiscal cliff. you're looking at a live shot of the house floor right now. the bill could be passed tonight. we heard president obama's proposal. we heard boehner's counter offer and we heard plan b. somewhere in there has to be a solution, right? today's power panel is here to weigh in on what they would do to resolve the fiscal cliff negotiations. the peter morici, economist and professor at university of maryland and...
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they will continue their discussions on the fiscal cliff. and it's look likely we could have some news later this hour, perhaps later in the evening. we're not sure how long the discussion will go. rich, thank you so much for joining us on this. you will be standing by for us this whole hour at the white house who. we'll be getting back to you with any breaking news we have from this meeting. the markets some say are being held hostage by these negotiations. i just counted. 18 days left in this year for these negotiations to come to a conclusion. we shall see. more news on this breaking news let's go to didn'tcratic congressman kurt schrader. thanks for joining us very timely. what do you think as we see speaker boehner coming to the white house to speak with president obama. what do you think will come out of this meeting? >> i hope some progress. as you indicated there has been precious little so far. they want to get the country back on a secure footing and get jobs growing in the country. hopefully they will be able to put together. sand
they will continue their discussions on the fiscal cliff. and it's look likely we could have some news later this hour, perhaps later in the evening. we're not sure how long the discussion will go. rich, thank you so much for joining us on this. you will be standing by for us this whole hour at the white house who. we'll be getting back to you with any breaking news we have from this meeting. the markets some say are being held hostage by these negotiations. i just counted. 18 days left in this...
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earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately rooting for your success. if the companies in this room are doing well, then, small businesses and medium size businesses up and down the chain are doing well. if companies in this room are doing well, then, folks get jobs, consumers get confidence and we will be able to compete around the world. now, the good news is, despite the extraordinary challenges we have seen over the last four years, there is progress in some key sectors of our economy. we have seen housing finally begin to bounce back for the first time. that has an enormous ripple effect throughout the economy. many of you, ove
earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately...
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to our top story tonight, speaker boehner and house republicans are rolling out their fiscal cliff counteroffer to the white house. includes $800 billion in new tax revenue. that is roughly half what the president was aiming for. 300 billion in discretionary spending cuts. 900 billion in mandatory spending cuts. now the white house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by dan mitch chill from the cato institute for more on this. dan what do you think. these are a lot of things to occur just in the past few hours. do you feel like there is progress being made? >> there is progress but progress in the wrong direction. the number one thing to understand already even if all the tax cuts were made permanent, tax revenues projected to grow by 6.2% a year. so what they're really debating about how much should it grow even faster than that in order to enable bigger government. 100% of our fiscal problem is on the spending side. obama is being very inflexible on that. republicans i'm afraid will ge
to our top story tonight, speaker boehner and house republicans are rolling out their fiscal cliff counteroffer to the white house. includes $800 billion in new tax revenue. that is roughly half what the president was aiming for. 300 billion in discretionary spending cuts. 900 billion in mandatory spending cuts. now the white house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by dan mitch chill...
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>> well this fiscal cliff looms large. it is no longer a political debate or philosophical debate it is mathematical necessity. the walls of the fiscal cliff, the walls are moving in such they have to solve it. we prefer it would be done in timely and orderly manner so it doesn't disrupt the economy. the nonpartisan cbo, congressional budget office, if they don't address this the gdp could drop 3%, go into negative territory, in other words a recession. unemployment could go back up to 9% and another series of cascading developments. they must address this as soon as possible. i have written a letter to the president and congress on behalf of our organization to say, make a modest extension so you can buy yourself some time and tackle in comprehensive and structural way including spending reform which will have to include entitlement reform and tax reform in a way pro-growth and need be, lower rates and broaden the base. liz: governor tim pawlenty, financial services roundtable ceo and former governor of minnesota. we hope
>> well this fiscal cliff looms large. it is no longer a political debate or philosophical debate it is mathematical necessity. the walls of the fiscal cliff, the walls are moving in such they have to solve it. we prefer it would be done in timely and orderly manner so it doesn't disrupt the economy. the nonpartisan cbo, congressional budget office, if they don't address this the gdp could drop 3%, go into negative territory, in other words a recession. unemployment could go back up to 9%...
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to raise taxes to 39.6%, and i think that'll take the edge off the fiscal cliff. david: let's take this discussion out of the beltway and into the real world. the economy, and, jeff, i want to start with you because you're bullish, but if you're so bullish, hy are you downgrading housing right now? >> because our housing team made a really good call on the housing stocks, and they outran their valuations on a short to intermediate-term basis. they downgraded them about two months ago. liz: okay, so where's the money? show it to us. >> i like just about everything except consumer staples. i think industrials look good, i think they are the new consumer staples. i think that consumer staples are the new investment vehicles of utility investors -- liz: and you like american tower, sba communications, you know, i just wonder why specifically that? is it sort of the cycle that you expect? we'll have a coiled spring from people holding back from spending? >> no. eventually, your computer's going to be in your cell phone or your quite, and you need -- your device, and yo
to raise taxes to 39.6%, and i think that'll take the edge off the fiscal cliff. david: let's take this discussion out of the beltway and into the real world. the economy, and, jeff, i want to start with you because you're bullish, but if you're so bullish, hy are you downgrading housing right now? >> because our housing team made a really good call on the housing stocks, and they outran their valuations on a short to intermediate-term basis. they downgraded them about two months ago....
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Dec 21, 2012
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that in our opinion greatly increases the chance the we will go full scale over the fiscal cliff. that would mean higher taxes on everybody enjoy big cuts in spending on january 1st. the dow down, gold is the only thing that is up and it is up just a little bit, $13 higher at 16 of 58. look at oil, it is weighed down $1.57. the price of gasoline ended its 28 the losing streak and went up 0.2% 2 average gallon of $3.23 across the country. the falling apple is one of many stocks down today, down $100 a share. back in 90 seconds with a very expensive -- stuart: this segment is called old money and i would say a painting worth millions from the renaissance qualifies as old money. joining the company is the co-chairman of old man nineteenth century art at christie's. welcome to the program. and other englishmen. >> indeed. stuart: how long have you been here? >> 29 years. stuart: i can beat you by ten years. uconn auction off some old things in new yorker of the next year and you brought one of them with you. can we put it on camera? this is what? >> one of the great masters of the ita
that in our opinion greatly increases the chance the we will go full scale over the fiscal cliff. that would mean higher taxes on everybody enjoy big cuts in spending on january 1st. the dow down, gold is the only thing that is up and it is up just a little bit, $13 higher at 16 of 58. look at oil, it is weighed down $1.57. the price of gasoline ended its 28 the losing streak and went up 0.2% 2 average gallon of $3.23 across the country. the falling apple is one of many stocks down today, down...
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. ♪ connell: the speaker of the house john boehner is about to update us on the fiscal cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff, this is one of the companies that has done very well in a recessionary. they have managed extraordinarily well. connell: i mentioned a moment ago. again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not ha
. ♪ connell: the speaker of the house john boehner is about to update us on the fiscal cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff,...
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cliff on taxes so you get a better deal in january and february. when you talk about entitlement reform, when you talk about taxes, house republicans are saying john boehner is saying we will do revenue from tax reform but must be accompanied by meaningful tax reform so two different messages. congress is back in session after a hiatus for the election season. mitch mcconnell meeting with the new republican senator in that body, democrats and republicans returning to capitol hill and on friday the big meeting, president obama, congressional leaders start talking fiscal cliff. cheryl: they need to get going. thank you, live at the white house. dennis: labor leaders love president obama but can he bring business leaders in? we meet with ceos tomorrow and trying to get republicans to compromise. republican senator and minority whip roger wicker of mississippi joins us from the capital. president obama says his reelection means we will tax the rich. democrats, republicans say they are old and the house meaning we won't raise taxes on any one. are you t
cliff on taxes so you get a better deal in january and february. when you talk about entitlement reform, when you talk about taxes, house republicans are saying john boehner is saying we will do revenue from tax reform but must be accompanied by meaningful tax reform so two different messages. congress is back in session after a hiatus for the election season. mitch mcconnell meeting with the new republican senator in that body, democrats and republicans returning to capitol hill and on friday...
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Dec 18, 2012
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. >>> the debate continues in washington over the fiscal cliff. the white house immediately rejecting house speaker john boehner plan b proposal earlier saying it shifts the tax burden to the middle class. republicans include a deal of tax hikes it will be the first time in history a gop-controlled house passed tax increases. could republicans make history for all the wrong reasons here? joining me in fox business exclusive, steve forbes, chairman and editor of fox media. how will you possibly the top that panel. were you sweating there because they were funny? >> they were amusing. black comedy from washington. melissa: what did you think of what you saw today? >> what you see is the speaker is trying to surrender and white house won't accept it. they keep raising the ante a year and a half ago. summer of 2011, debt ceiling crisis. boehner made a huge offer his caucus would have rejected it and had a hard fight and white house slapped him away. melissa: a lot of people are saying speaker boehner is negotiating but who he really speaking for? he m
. >>> the debate continues in washington over the fiscal cliff. the white house immediately rejecting house speaker john boehner plan b proposal earlier saying it shifts the tax burden to the middle class. republicans include a deal of tax hikes it will be the first time in history a gop-controlled house passed tax increases. could republicans make history for all the wrong reasons here? joining me in fox business exclusive, steve forbes, chairman and editor of fox media. how will you...
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stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion dollars in extra tax revenues and that would come from limiting deductions and not from higher tax rates. and there would also be 1.2 trillion dollars worth of spending cuts and the white house immediately dismissed that plan, saying, the lower tax rates for the rich and quote, fix the middle class with a bill. again, we come back to this. the main sticking point is the tax rate issue. the president insists more revenue comes from higher rates, not deduction limits. -pit's a standoff and it contins less than four weeks to go until the deadline. be careful what you say in a local police want a law, new law requiring that text messages be saved for two years. how do you feel about that? ever texted something you wish would go away right now? there is of course the privacy issue as well. well, here comes the judge. he will be new at 10 on this one. got it. shares of darden restaurants, they're down today and they're the comp
stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion dollars in extra tax revenues and that would come from limiting deductions and not from higher tax rates. and there would also be 1.2 trillion dollars worth of spending cuts and the white house immediately dismissed that plan, saying, the lower tax rates for the rich and quote, fix the middle class with a bill. again, we come back to this. the main sticking point is the...
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to see what, if any progress can be made as we get closer and closer to that fiscal cliff and tax hikes for them. david: should it be a focus of a major company like apple? is it the best, is it the best interest of shareholders to create jobs or create shareholder value? coming up. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and bei ready, no matterhat happens, which isn't rocket science. it's just common sense, from td ameritrade. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese..... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. you know how painful heartburn can be. for fast, long lasting relief, e doctor recommended gaviscon®. only gaviscon® forms a prottive
to see what, if any progress can be made as we get closer and closer to that fiscal cliff and tax hikes for them. david: should it be a focus of a major company like apple? is it the best, is it the best interest of shareholders to create jobs or create shareholder value? coming up. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades...
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can the republicans offer publicly an alternative, either to the fiscal cliff or to what the president is offering. the president's plan was put on the table last week. it was not that well with president on. speaker boehner and others. stuart: i wonder, as an insider, among democrats, and that is what you are, simon, i want you to tell me, what plans does the president or any other democrats, have to reform social entitlement? >> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on medicare inside the aca. there were large structural reforms in the way healthcare was playing out. in fact, last year, we had a slower rate of growth and health care spending that we have h
can the republicans offer publicly an alternative, either to the fiscal cliff or to what the president is offering. the president's plan was put on the table last week. it was not that well with president on. speaker boehner and others. stuart: i wonder, as an insider, among democrats, and that is what you are, simon, i want you to tell me, what plans does the president or any other democrats, have to reform social entitlement? >> first of all, if you remember well, stuart, mitt romney...